Orkla ASA Cash Flow Statement

Financials in millions NOK. Fiscal year is January - December.

Millions NOK. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Income	11,473	6,057	5,196	5,019	4,808
Depreciation & Amortization	2,732	2,588	2,435	2,094	1,910
Other Amortization	-	199	222	163	157
Asset Writedown & Restructuring Costs	-	778	329	147	25
Loss (Gain) on Equity Investments	-	-1,865	-1,836	-861	-855
Other Operating Activities	-4,934	1,829	229	1,263	953
Change in Other Net Operating Assets	-	64	674	-2,595	-645
Operating Cash Flow	9,271	9,650	7,249	5,230	6,353
Operating Cash Flow Growth	-3.93%	33.12%	38.60%	-17.68%	-3.71%
Capital Expenditures	-2,444	-2,034	-2,921	-2,823	-2,687
Sale of Property, Plant & Equipment	-	53	168	46	81
Cash Acquisitions	-	-441	-814	-2,919	-5,811
Divestitures	5,689	3,045	37	126	-
Other Investing Activities	-58	-27	-34	13	56
Investing Cash Flow	3,187	596	-3,564	-5,557	-8,361
Short-Term Debt Issued	-	-	-	333	1,847
Long-Term Debt Issued	-	5,020	3,306	4,641	3,832
Total Debt Issued	-	5,020	3,306	4,974	5,679
Short-Term Debt Repaid	-	-1,301	-2,456	-	-
Long-Term Debt Repaid	-1,997	-7,403	-1,533	-1,350	-2,557
Total Debt Repaid	-1,997	-8,704	-3,989	-1,350	-2,557
Net Debt Issued (Repaid)	-1,997	-3,684	-683	3,624	3,122
Issuance of Common Stock	-	200	42	43	57
Repurchase of Common Stock	-1,069	-145	-	-	-403
Common Dividends Paid	-9,957	-5,985	-2,989	-2,987	-2,739
Other Financing Activities	1,050	-36	-704	-21	-68
Financing Cash Flow	-11,973	-9,650	-4,334	659	-31
Foreign Exchange Rate Adjustments	-84	56	138	43	-47
Net Cash Flow	401	652	-511	375	-2,086
Free Cash Flow	6,827	7,616	4,328	2,407	3,666
Free Cash Flow Growth	-10.36%	75.97%	79.81%	-34.34%	-8.14%
Free Cash Flow Margin	9.54%	10.78%	6.38%	4.12%	7.27%
Free Cash Flow Per Share	6.83	7.62	4.34	2.42	3.68
Cash Interest Paid	-	1,130	999	365	-
Cash Income Tax Paid	2,183	1,241	2,032	1,400	907
Levered Free Cash Flow	4,172	5,341	2,756	1,501	2,968
Unlevered Free Cash Flow	4,644	6,024	3,403	1,754	3,091
Change in Working Capital	-	64	674	-2,595	-645

Source: S&P Global Market Intelligence. Standard template. Financial Sources.